Elmwood Wealth Management, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), Elmwood Wealth Management, Inc. reported 129 stock positions worth $252.3 million. Its top holding was iShares Treasury Floating Ra (TFLO) at 3.5% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 3.2%) and Ishrs SH-TRM Ca Muni Act ETF (CALI, 2.9%). Compared with Q1 2025, it opened 7 new positions, sold out of 6, added to 39 and reduced 62. The biggest buy was Innovator Deepwater Frontier (LOUP, shares +22%) and the biggest sale Wisdomtree Floating Rate Tre (USFR, shares −34%).

Most Recent 13F
Q2 2026
Location
BERKELEY, CA
CIK
0001731927
Portfolio Value
$252.3M (Q2 2025)
SEC Filing
0001731927-25-000003 ↗ filed Jul 28, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $233.7M Q1 2024 Q2 2024: $224.6M Q2 2024 Q3 2024: $242.5M Q3 2024 Q4 2024: $247.8M Q4 2024 Q1 2025: $243.8M Q1 2025 Q2 2025: $252.3M $252.3M Q2 2025 Q3 2025: $282.3M Q3 2025 Q4 2025: $316.6M Q4 2025 Q1 2026: $361.6M Q1 2026 Q2 2026: $399.8M Q2 2026

Holdings 129 stocks · $252.3M
TFLO iShares Treasury Floating Ra 3.52% 175,492 $8.9M Add +25.5%
VEA Vanguard Ftse Developed ETF 3.20% 141,754 $8.1M Add +0.6%
CALI Ishrs SH-TRM Ca Muni Act ETF 2.88% 143,982 $7.3M Add +3.7%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 2.86% 141,499 $7.2M Add +15.7%
SUB iShares Short-Term National 2.67% 63,223 $6.7M Add +4.3%
JPST JPMorgan Ultra-Short Income 2.39% 119,156 $6.0M Add +8.1%
TOTL SS Doubleline TR Tact ETF 2.39% 150,129 $6.0M Add +0.4%
IDVO Amplify CWP Intl Enh DVD Inc. 2.22% 162,848 $5.6M Add +1.9%
LOUP Innovator Deepwater Frontier 2.21% 89,204 $5.6M Add +21.8%
IEFA iShares Core MSCI Eafe ETF 2.11% 63,875 $5.3M Add +2.4%
USFR Wisdomtree Floating Rate Tre 2.00% 100,118 $5.0M Reduce -33.8%
VGSH Vanguard Short-Term Treasury 1.94% 83,293 $4.9M Reduce -10.5%
PAPR Innovator U.S. Equity Power 1.86% 126,032 $4.7M Add +29.2%
AIRR First Trust Rba American Ind 1.81% 55,966 $4.6M Add +22.9%
AAPL Apple Inc. 1.80% 22,174 $4.5M Reduce -6.4%
SCHX Schwab US Large-Cap ETF 1.68% 173,468 $4.2M Reduce -1.6%
MEAR Ishrs Short Mat Muni Act ETF 1.53% 76,605 $3.9M Add +1.2%
GPIX GLDM SA S&P 500 PR in ETF-US 1.52% 76,885 $3.8M Reduce -7.6%
PJAN Innovator U.S. Equity Power 1.50% 86,191 $3.8M Add +3.0%
CMF iShares California Muni Bond 1.46% 66,175 $3.7M Add +1.6%
AMZN Amazon.com Inc. 1.42% 16,372 $3.6M Reduce -1.1%
JPIB JPMorgan Intl BND ETF 1.39% 71,969 $3.5M Reduce -1.1%
NVDA Nvidia Corp. 1.38% 22,114 $3.5M Add +7.9%
VRP Invesco Variable Rate Prefer 1.37% 141,824 $3.5M Reduce -4.3%
COST Costco Wholesale Corp. 1.34% 3,417 $3.4M Reduce -3.6%
SCHC Schwab Intl Small-Cap Equity 1.34% 79,105 $3.4M Add +1.0%
IEMG iShares Core MSCI Emerging 1.32% 55,502 $3.3M Reduce -2.0%
MSFT Microsoft Corp. 1.27% 6,444 $3.2M Add +0.1%
VTEB Vanguard Tax-Exempt Bond ETF 1.24% 63,805 $3.1M Add +1.8%
GSIE Goldman Sachs Activebeta Int 1.24% 78,874 $3.1M Reduce -1.1%
MA Mastercard Inc. Class A 1.24% 5,560 $3.1M Reduce -0.9%
GSLC Goldman Activebeta US LC ETF 1.20% 24,991 $3.0M Reduce -1.7%
MLN Vaneck Long Muni ETF 1.18% 176,628 $3.0M Add +0.5%
ELD Wisdomtree Emrg MKTS Debt 1.17% 105,492 $2.9M Reduce -2.5%
JPM JPMorgan Chase & Co. 1.11% 9,619 $2.8M Reduce -2.0%
POCT Innovator U.S. Equity Power 1.10% 67,349 $2.8M Reduce -1.0%
BNDX Vanguard Total Intl Bond ETF 1.07% 54,322 $2.7M Add +1.6%
DFCA Dimensional Calfornia MB ETF 1.06% 54,090 $2.7M Add +30.7%
BRK.B Berkshire Hathaway Inc. Class B 1.02% 5,316 $2.6M Add +0.1%
PJUL Innovator U.S. Equity Power 0.97% 55,904 $2.5M Reduce -30.7%
NDIV Amp Egy&nat Re Cov Cal-Usdin 0.95% 86,178 $2.4M Reduce -3.6%
EUSA iShares MSCI USA Equal Weigh 0.93% 23,612 $2.3M Reduce -3.1%
GOOGL Alphabet Inc. Class A 0.92% 13,220 $2.3M Add +0.6%
BIL SS SPDR BB 1-3M T-Bill ETF 0.91% 24,907 $2.3M Reduce -51.9%
SCZ iShares MSCI Eafe Small-Cap 0.89% 30,979 $2.3M Reduce -2.3%
CRM Salesforce Inc. 0.86% 8,001 $2.2M Reduce -0.9%
VWO Vanguard Ftse Emerging Marke 0.83% 42,149 $2.1M Reduce -39.3%
ABT Abbott Laboratories 0.82% 15,222 $2.1M Reduce -0.3%
FLOT iShares Floating Rate Bond E 0.81% 40,188 $2.1M Add +10.6%
PIO Invesco Global Water ETF 0.79% 44,853 $2.0M Reduce -0.4%
GOOG Alphabet Inc. Class C 0.79% 11,295 $2.0M Reduce -0.2%
INTU Intuit Inc. 0.77% 2,461 $1.9M Reduce -0.8%
ULST SS Ultra Short TM Bond ETF 0.75% 46,563 $1.9M Add +2.9%
UNH Unitedhealth Group Inc. 0.67% 5,388 $1.7M Reduce -0.7%
VCIT Vanguard Int-Term Corporate 0.65% 19,924 $1.7M Reduce -4.6%
SHM SS SPDR N Ice St Muni ETF 0.63% 33,162 $1.6M Add +26.5%
ROK Rockwell Automation Inc. 0.60% 4,580 $1.5M Reduce -0.8%
SCHW Schwab (charles) Corp. 0.59% 16,364 $1.5M No change
TRV The Travelers Cos Inc. 0.58% 5,463 $1.5M No change
MCHP Microchip Technology Inc. 0.57% 20,452 $1.4M Reduce -0.0%
COR Cencora Inc. 0.53% 4,469 $1.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.53% 10,724 $1.3M Reduce -8.0%
V Visa Inc. Class A 0.52% 3,710 $1.3M Reduce -3.9%
SCHA Schwab US Small-Cap ETF 0.51% 50,874 $1.3M Reduce -2.9%
MUB iShares National Muni Bond E 0.51% 12,270 $1.3M No change
UNP Union Pacific Corp. 0.50% 5,511 $1.3M Reduce -0.5%
MRSH Marsh & McLennan Cos 0.50% 5,723 $1.3M Add +0.0%
DHR Danaher Corp. 0.49% 6,314 $1.2M Reduce -1.8%
PEP Pepsico Inc. 0.49% 9,280 $1.2M Reduce -0.8%
ECL Ecolab Inc. 0.46% 4,315 $1.2M Reduce -0.2%
VIG Vanguard Dividend Apprec ETF 0.45% 5,513 $1.1M Reduce -1.8%
PG The Procter & Gamble Co. 0.42% 6,680 $1.1M Reduce -1.0%
HON Honeywell International Inc. 0.41% 4,484 $1.0M Reduce -1.0%
EAPR Innovator Emerging Markets P 0.40% 36,308 $1.0M New
D Dominion Energy Inc. 0.39% 17,224 $973K Add +0.1%
GEM Goldman Sachs Activebeta Em 0.37% 25,220 $938K Reduce -0.1%
SCHO Schwab Short-Term US Treas 0.37% 38,000 $926K No change
ETN Eaton Corp. PLC 0.33% 2,352 $840K Reduce -0.1%
RSP Invesco S&P 500 Equal Weight 0.33% 4,616 $839K No change
JNJ Johnson & Johnson 0.32% 5,296 $809K Reduce -0.9%
MKC McCormick & Co.-Non VTG SHRS 0.31% 10,419 $790K Reduce -2.0%
PANW Palo Alto Networks Inc. 0.30% 3,711 $759K Add +0.4%
VTI VG Morningstar TS MKT ETF-US 0.29% 2,439 $741K Reduce -7.5%
NKE Nike Inc. Class B 0.29% 10,227 $727K Reduce -0.2%
PFEB Innovator U.S. Equity Power 0.28% 18,910 $719K New
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 1,050 $649K Add +3.0%
NTLA Intellia Therapeutics Inc. 0.25% 67,924 $637K Add +0.2%
ACN Accenture PLC Class A 0.24% 2,039 $609K Reduce -0.1%
PM Philip Morris International 0.24% 3,273 $596K No change
PWZ Invesco California Amt-Free 0.23% 25,075 $585K Add +2.7%
VXUS Vanguard Total Intl Stock 0.22% 8,105 $560K No change
BX Blackstone Inc. 0.22% 3,655 $547K Add +2.9%
C Citigroup Inc. 0.22% 6,400 $545K No change
DLR Digital Realty Trust Inc. 0.21% 3,053 $532K Reduce -0.2%
TBIL F/M US Treasury 3 Month Bill 0.20% 10,315 $516K No change
LLY Eli Lilly & Co. 0.20% 639 $498K Add +0.2%
GSST Goldman Sachs Ultra Short Bo 0.19% 9,515 $481K Reduce -8.2%
AMT American Tower Corp. 0.18% 2,090 $462K Add +0.1%
PULS Pgim Ultra Short Bond ETF 0.18% 9,236 $460K Reduce -0.2%
CVX Chevron Corp. 0.17% 3,068 $439K No change
SBUX Starbucks Corp. 0.17% 4,777 $438K Reduce -1.7%
SO The Southern Co. 0.15% 4,000 $367K No change
BALT Inn Defined Wealth Shield 0.14% 11,200 $359K No change
ABBV Abbvie Inc. 0.14% 1,916 $356K Reduce -1.3%
BSV Vanguard Short-Term Bond ETF 0.14% 4,425 $348K No change
XENE Xenon Pharmaceuticals Inc. 0.13% 10,824 $339K Reduce -1.7%
URI United Rentals Inc. 0.13% 446 $336K No change
VEU Vanguard Ftse All-World Ex-U 0.13% 4,858 $327K Add +0.8%
SCHM Schwab US Mid Cap ETF 0.13% 11,480 $322K Add +0.0%
TSM Taiwan Semiconductor-SP ADR 0.13% 1,393 $316K Reduce -0.9%
DUK Duke Energy Corp. 0.12% 2,620 $309K Add +0.3%
NVS Novartis AG-Sponsored ADR 0.12% 2,553 $309K Reduce -3.7%
CI The Cigna Group 0.12% 894 $296K No change
PAUG Innovator U.S. Equity Power 0.12% 7,300 $295K No change
USXF iShares ESG Advance MSCI USA 0.11% 5,322 $287K No change
PJUN Innovator U.S. Equity Power 0.11% 6,950 $276K Reduce -12.6%
NSC Norfolk Southern Corp. 0.11% 1,070 $274K No change
MO Altria Group Inc. 0.11% 4,550 $267K No change
RTX RTX Corp. 0.10% 1,709 $250K Reduce -0.3%
PFE Pfizer Inc. 0.10% 10,281 $249K Reduce -0.4%
VB Vanguard Most SM-Cap ETF-Usd 0.10% 1,051 $249K Reduce -33.1%
BND Vanguard Total Bond Market 0.10% 3,336 $246K No change
AXP American Express Co. 0.09% 675 $215K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 730 $215K New
MRK Merck & Co. Inc. 0.08% 2,607 $206K Reduce -0.9%
ZJAN Innovator Edp ETF - 1Y Jan 0.08% 7,800 $205K New
UJAN Innovator U.S. Equity Ultra 0.08% 5,000 $202K New
CDXS Codexis Inc. 0.02% 21,695 $53K New
GERN Geron Corp. 0.02% 28,200 $40K Reduce -0.3%

Portfolio Sells Q1 2025 → Q2 2025
USFR Wisdomtree Floating Rate Tre Reduce -33.8% 2.00% −1.13
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -51.9% 0.91% −1.04
JAAA Janus Henderson Aaa Clo ETF Sold out 0.00% −0.66
ARKG ARK Genomic Revolution ETF Sold out 0.00% −0.56
UNH Unitedhealth Group Inc. Reduce -0.7% 0.67% −0.50
VWO Vanguard Ftse Emerging Marke Reduce -39.3% 0.83% −0.46
TLTE NT Emg MKTS Ftilt ETF Sold out 0.00% −0.41
PJUL Innovator U.S. Equity Power Reduce -30.7% 0.97% −0.36
AAPL Apple Inc. Reduce -6.4% 1.80% −0.35
VGSH Vanguard Short-Term Treasury Reduce -10.5% 1.94% −0.30
CRBU Caribou Biosciences Inc. Sold out 0.00% −0.18
NDIV Amp Egy&nat Re Cov Cal-Usdin Reduce -3.6% 0.95% −0.11
VRP Invesco Variable Rate Prefer Reduce -4.3% 1.37% −0.10
KOCT Innovator U.S. Small Cap Pow Sold out 0.00% −0.09
KAUG Inv US SML Cap PB ETF - Aug Sold out 0.00% −0.09
PEP Pepsico Inc. Reduce -0.8% 0.49% −0.09
GPIX GLDM SA S&P 500 PR in ETF-US Reduce -7.6% 1.52% −0.07
PG The Procter & Gamble Co. Reduce -1.0% 0.42% −0.05
DHR Danaher Corp. Reduce -1.8% 0.49% −0.05
MKC McCormick & Co.-Non VTG SHRS Reduce -2.0% 0.31% −0.05
VCIT Vanguard Int-Term Corporate Reduce -4.6% 0.65% −0.05
VB Vanguard Most SM-Cap ETF-Usd Reduce -33.1% 0.10% −0.04
JPIB JPMorgan Intl BND ETF Reduce -1.1% 1.39% −0.04
JNJ Johnson & Johnson Reduce -0.9% 0.32% −0.04
COST Costco Wholesale Corp. Reduce -3.6% 1.34% −0.03
UNP Union Pacific Corp. Reduce -0.5% 0.50% −0.03
V Visa Inc. Class A Reduce -3.9% 0.52% −0.03
ABBV Abbvie Inc. Reduce -1.3% 0.14% −0.03
GSST Goldman Sachs Ultra Short Bo Reduce -8.2% 0.19% −0.02
CRM Salesforce Inc. Reduce -0.9% 0.86% −0.02
MA Mastercard Inc. Class A Reduce -0.9% 1.24% −0.02
SBUX Starbucks Corp. Reduce -1.7% 0.17% −0.02
ACN Accenture PLC Class A Reduce -0.1% 0.24% −0.02
ELD Wisdomtree Emrg MKTS Debt Reduce -2.5% 1.17% −0.02
XENE Xenon Pharmaceuticals Inc. Reduce -1.7% 0.13% −0.02
MRK Merck & Co. Inc. Reduce -0.9% 0.08% −0.02
PJUN Innovator U.S. Equity Power Reduce -12.6% 0.11% −0.01
ABT Abbott Laboratories Reduce -0.3% 0.82% −0.01
PFE Pfizer Inc. Reduce -0.4% 0.10% −0.01
EUSA iShares MSCI USA Equal Weigh Reduce -3.1% 0.93% −0.01
PULS Pgim Ultra Short Bond ETF Reduce -0.2% 0.18% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -7.5% 0.29% −0.00
GERN Geron Corp. Reduce -0.3% 0.02% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -1.8% 0.45% +0.00
NVS Novartis AG-Sponsored ADR Reduce -3.7% 0.12% +0.00
RTX RTX Corp. Reduce -0.3% 0.10% +0.01
SCHA Schwab US Small-Cap ETF Reduce -2.9% 0.51% +0.01
ECL Ecolab Inc. Reduce -0.2% 0.46% +0.01
POCT Innovator U.S. Equity Power Reduce -1.0% 1.10% +0.02
HON Honeywell International Inc. Reduce -1.0% 0.41% +0.02

Portfolio Buys Q1 2025 → Q2 2025
LOUP Innovator Deepwater Frontier Add +21.8% 2.21% +0.85
TFLO iShares Treasury Floating Ra Add +25.5% 3.52% +0.62
AIRR First Trust Rba American Ind Add +22.9% 1.81% +0.53
NVDA Nvidia Corp. Add +7.9% 1.38% +0.47
PAPR Innovator U.S. Equity Power Add +29.2% 1.86% +0.44
EAPR Innovator Emerging Markets P New 0.40% +0.40
JMST JPM Ultra-Short Muni Income Add +15.7% 2.86% +0.30
PFEB Innovator U.S. Equity Power New 0.28% +0.28
MSFT Microsoft Corp. Add +0.1% 1.27% +0.28
VEA Vanguard Ftse Developed ETF Add +0.6% 3.20% +0.27
DFCA Dimensional Calfornia MB ETF Add +30.7% 1.06% +0.21
SCHC Schwab Intl Small-Cap Equity Add +1.0% 1.34% +0.18
IEFA iShares Core MSCI Eafe ETF Add +2.4% 2.11% +0.18
IDVO Amplify CWP Intl Enh DVD Inc. Add +1.9% 2.22% +0.16
SHM SS SPDR N Ice St Muni ETF Add +26.5% 0.63% +0.12
JPST JPMorgan Ultra-Short Income Add +8.1% 2.39% +0.10
GOOGL Alphabet Inc. Class A Add +0.6% 0.92% +0.09
AXP American Express Co. New 0.09% +0.09
IBM Intl Business Machines Corp. New 0.09% +0.09
ZJAN Innovator Edp ETF - 1Y Jan New 0.08% +0.08
PJAN Innovator U.S. Equity Power Add +3.0% 1.50% +0.08
UJAN Innovator U.S. Equity Ultra New 0.08% +0.08
NTLA Intellia Therapeutics Inc. Add +0.2% 0.25% +0.05
FLOT iShares Floating Rate Bond E Add +10.6% 0.81% +0.05
PANW Palo Alto Networks Inc. Add +0.4% 0.30% +0.04
SUB iShares Short-Term National Add +4.3% 2.67% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Add +3.0% 0.26% +0.02
CDXS Codexis Inc. New 0.02% +0.02
BX Blackstone Inc. Add +2.9% 0.22% +0.01
CALI Ishrs SH-TRM Ca Muni Act ETF Add +3.7% 2.88% +0.01
VEU Vanguard Ftse All-World Ex-U Add +0.8% 0.13% +0.01
SCHM Schwab US Mid Cap ETF Add +0.0% 0.13% +0.00
AMT American Tower Corp. Add +0.1% 0.18% −0.00
ULST SS Ultra Short TM Bond ETF Add +2.9% 0.75% −0.00
BNDX Vanguard Total Intl Bond ETF Add +1.6% 1.07% −0.01
PWZ Invesco California Amt-Free Add +2.7% 0.23% −0.01
DUK Duke Energy Corp. Add +0.3% 0.12% −0.01
D Dominion Energy Inc. Add +0.1% 0.39% −0.01
LLY Eli Lilly & Co. Add +0.2% 0.20% −0.02
MEAR Ishrs Short Mat Muni Act ETF Add +1.2% 1.53% −0.03
VTEB Vanguard Tax-Exempt Bond ETF Add +1.8% 1.24% −0.04
CMF iShares California Muni Bond Add +1.6% 1.46% −0.04
MLN Vaneck Long Muni ETF Add +0.5% 1.18% −0.07
MRSH Marsh & McLennan Cos Add +0.0% 0.50% −0.08
TOTL SS Doubleline TR Tact ETF Add +0.4% 2.39% −0.08
BRK.B Berkshire Hathaway Inc. Class B Add +0.1% 1.02% −0.14

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 200$399.8MCALI, LOUP, VEA, TFLO, AAPL
Q1 2026 178$361.6MTFLO, CALI, VEA, JPST, AAPL
Q4 2025 171$316.6MAAPL, VEA, TFLO, CALI, JMST
Q3 2025 140$282.3MTFLO, VEA, CALI, JMST, JPST
Q2 2025 129$252.3MTFLO, VEA, CALI, JMST, SUB
Q1 2025 128$243.8MUSFR, VEA, TFLO, CALI, SUB
Q4 2024 128$247.8MUSFR, TFLO, VEA, TOTL, SUB
Q3 2024 126$242.5MTFLO, VEA, TOTL, VGSH, JPST
Q2 2024 123$224.6MVGSH, TOTL, JPST, VEA, TFLO
Q1 2024 122$233.7MCRBU, VGSH, JPST, TOTL, TFLO